What is one thing that most New Yorkers despise? Finding Parking! Look no further! R New York is pleased to present 1253 Decatur St located in Bushwick. This legal Two Family boasts a two over two-bedroom, 1 bath configuration, each unit 800 square feet. Bushwick has an artistic and cool vibe; home to interesting coffee shops, restaurants, stores, nightlife and parks, all a short distance away. From an investment perspective, lot frontage is 25 ft and depth is 100 ft, giving a developer approximately 5000+ square feet to provide modern housing in this R6 zone. Whether you are looking for a house to make a home for your family or a developer looking to contribute to the character and culture that encompasses Bushwick, this is one property you won't want to miss! [Pictures and virtual coming soon]
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,189,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $951,999 | $951,999 | $951,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $237 | $237 | $237 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,405 | $5,862 | $7,906 |
Total Monthly Payment | $5,767 | $6,224 | $8,268 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.